Data Is Collected from 20 Sales People in Order to Verify

question 148

Multiple Choice

Data is collected from 20 sales people in order to verify that the more contacts made with potential clients, the greater the sales volume. The Mega Stat printout is shown below. Analyzing this printout, we can determine:

• A) the value of t indicates that the coefficient of correlation is greater than zero when using the 0.05 level of significance.
• B) the value of t indicates that the coefficient of correlation is greater than zero when using the 0.01 level of significance.
• C) the value of t indicates that the coefficient of correlation cannot be shown to be different than zero when tested at the 0.01 level of significance.
• D) the standard error indicates that the coefficient of correlation is not different from zero.
• E) the value of t indicates that the coefficient of correlation is greater than zero at both the 0.01 and 0.05 levels of significance.

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Definitions:

Statute of Frauds

A legal principle requiring certain types of contracts to be written and signed to be enforceable, aiming to prevent fraud and misunderstandings.

UCC

The full spectrum of commercial dealings in the United States is under the regulation of the laws within the Uniform Commercial Code.

Writing Requirement

A legal principle that certain kinds of contracts must be in writing to be enforceable.

Statute of Frauds

A legal principle that requires certain types of contracts to be written and signed by the parties involved to be enforceable.